The world changes, customs change, people change. However, sometimes, dreams don’t change. Or, at least, some dreams do not change, and the new generations coin the same dreams as their parents and their grandparents. For example, having your own home. That is one of those dreams that does not age, that is transmitted from generation to generation, still.

Having your own home is not just another dream, a common one like acquiring a luxury vehicle, or spending a beach vacation or studying for a master’s degree. They are all important, it must be clarified, but that of the roof itself is special because it also starts from an unparalleled aspiration that is to provide well-being to the family, to the most important people in your life.

If you are going to buy a property using a mortgage, you need to know that your signature means that you have acquired some economic and legal commitments that you must fully comply with. For example, paying monthly installments on time. Also, keep in mind that a mortgage is a long-term commitment, so you have to be prepared for eventualities.

My advice is that, together with your wife and your family, make an analysis of the family finances and be aware of the commitment they are going to acquire, the responsibilities they assume, the sacrifices that they will surely have to make. You have to weigh what is most important for the well-being of the nucleus, and you will surely have to resign other less urgent investments.

The important thing is that the obsession of being an owner does not lead you to a compromising situation that causes you strong and prolonged headaches. This is a topic that you should consider very seriously, with a cool head, without passion. If your financial situation is not stable or secure in the medium or long term, perhaps acquiring a mortgage is not a good idea.

It is that my friend, there is a lot at stake: you can lose not only your money but also the property you bought. And the tranquility of your family, the harmony of the group, and even your health may be at risk. Believe me; I know very well what the consequences are of a bad decision or a hasty decision. And my task as a consultant is to make you see this reality.

If, on the other hand, you have the money to buy the home you want, that is, without a doubt, the best alternative. Because you become an owner right away because you don’t owe anyone, because you save money, however, this is another decision that cannot be taken lightly, impulsively, because, like any other, it also has its edges.

In any case, experience has shown me that buying cash is the best option because several weight benefits emerge from it. For example, you increase the family wealth, that you support the future of your family or that it has a good that you can dispose of in case the outlook turns negative. And, of course, you are the absolute owner of that property.

However, there is a reason why, despite having the necessary money, this may not be the right way, and you should consider a few more options that happen when the purchase of the property exhausts your cash flow. In today’s world, we know, the only sure thing is change and, therefore, we must be prepared for the swings, for the unforeseen.

Being short on cash is always a risky decision, one that is better not to make. That the desire to have your own home does not become the starting point for problems and headaches, it may be better to buy a small loan and keep cash flow, so if you have a problem, you have a chance to respond.

There are no ideal rules or perfect scripts: each case is unique, it is particular. If you are a real estate consultant, show your client the pros and cons of these options; If you are the client, have your advisor present the required information so that you can make the best decision. What you must prioritize is the well-being of your family that the golden dream does not become a nightmare.

Selling real estate is an art, especially the art of negotiating. But before selling your property, you will need to estimate its price. And certain characteristics can influence the sale price: upwards or downwards. Discover our selection of criteria that will give value to your home before selling it.

Renovate strategic pieces to sell

The condition of certain parts can be decisive for concluding a property sale. This is the case for technical parts such as the kitchen or the bathroom. Rooms whose renovation is often expensive and which can scare away buyers if they are no longer up to date even dilapidated.

These renovations will also allow you to enjoy housing in good condition as long as you live there, but also to take beautiful photos for your real estate ad. Because, we remind you, a real estate ad with beautiful photos is a must for buyers to come and visit your property.

Expand the living area

Another tip to increase the value of your home: enlarge it by fitting out the attic or creating a cozy suplex, for example.

The sale price is calculated on the price per m2, creating an additional room will enhance your property. Be careful, however, since the property tax based on the living area of ​​the property will also increase.

Install favorite equipment

Depending on the area where you live, the installation of favorite equipment may give a boost to your sale. For example, a swimming pool can add value to a home, depending on the area where you live.

Indeed, in real estate, if the location is the number 1 rule for a good purchase, the characteristics that can enhance a property also depend on the region where it is located. For example, a balcony or a terrace will add value to Parisian accommodation when it is not necessarily enough elsewhere. Wooded and well-maintained land could also have an impact on the price or at least create the real estate favorite, so precious for making a sale!

Bet on energy performance

Increase the value of your home before selling it by improving the energy label of your property. Energy consumption, and therefore the environmental impact of your property, can count in the estimation of the sale price. Indeed, an energy-intensive home will often sell for less than a home with a good label on its DPE.

The energy performance diagnosis can be improved thanks to energy renovation works (insulation of the attic, change of windows, installation of a renewable energy boiler).

The amount of energy renovation works varies, but state aid can help you improve the performance of your property.

Prepare your real estate diagnostics before the sale.

Remember to prepare your mandatory real estate diagnostics before the sale. And if the diagnostician finds anomalies, do not hesitate to make the few necessary repairs.

Becoming an owner is not within everyone’s reach. Going into a mortgage of several hundred thousand euros scares many people, and some others simply do not have the amount available. But to finally own a property at a lower cost, there is a possible solution: buy a ruin!

A house to renovate: a good deal?

Buying a ruin can make you smile at first glance, but we will explain and show you that it can be really beneficial. Indeed, opting for a home to restore is a perfect method to achieve a good deal. All real estate agencies will tell you: turnkey properties have prices that rarely drop, and often a buyer within a few months, but properties to restore are less in demand and often shunned by buyers. The price of ruins can show a discount of 15 over 55%.

Don’t Buy A Ruin With Your Eyes Closed

But be careful, no question of buying the first ruin that passes, your purchase must be fully considered! If you bet on the wrong house … you risk running into an endless financial pit. Take your time and accurately estimate the volume of work to be done. Do not hesitate to bring in multiple craftsmen from different trades in order to obtain quotes. Leave nothing to chance, plan everything, establish a real battle plan on which you will get the time needed to redo everything, and the total price. Look at the roof, check if the tiles are in good condition, if the frame is solid, if the wood is healthy, if the gutter is in place and does not need to be redone, etc. Insulation is also a loan thing to watch if you buy a house, watch it all, if the walls do not have a halo, if the floor is cold, check the interior as well as the exterior. Do not hesitate to invest in a hygrometer, which will cost you less than twenty euros in any DIY store, and measure the relative humidity of the air in all rooms. An electrical installation to redo, a floor to change, or sanitary out of use will cost you much less, even if the work to be done may seem excessive.

Do the work yourself?

It will not be enough to have goodwill, the soul of a handyman, and many friends. Some jobs require very specific skills, and you certainly don’t want to have dirty work. Good DIYers tend to minimize the work to be done and often realize along the way that … everything escapes them! So a bit of con advice there too: assess your capacity, and the available manpower, be realistic!

Another piece of advice: avoid the cheap labor of artisans working “black.” You will have no recourse if the work goes wrong, nor any insurance.

Before commenting on the errors, we are going to tell you two factors that affect the acquisition of a home, but do not limit it. The first factor is the economic one; in this sense, it is good to have a limit budget to access the market. But just because a house costs more does not mean that it is not affordable, we can exceed the price as long as we see that the property is worth it, it is a good investment, and we can get financing from another side.

Thinking Too Much About Things

There is nothing wrong with being cautious and stopping to think a little if the offer before us is good or if it is a scam. Sometimes it is an offer, and other times it may not be worth the purchase as the apartment/property may have some hidden and fat flaw or flaw. With this, we want to tell you that you should comb the market well and be patient, but it is not advisable to wait too long, sometimes we have an opportunity in front of us, and we do not take it out of fear or mistrust.

Not Being Realistic

Another common mistake many people make is taking on expenses that they cannot afford. With this, we want to tell you to set a budget figure and do not exceed it. Of course, leave a small margin in case an offer appears that you cannot reject. But what you have to be clear about is that you are going to be able to face the mortgage and finance the home. So you should make calculations of your income, expenses and the savings you have to know how far you can access.

Not Knowing How A Mortgage Works

 we understand that the economic aspect is the most important thing when purchasing a flat. If we don’t have money, we won’t be able to pay for it. And the same goes for the mortgage. Many people think that the expense of a mortgage works in one way or that the bank finances everything and then it turns out that many entities only finance up to 80% of the mortgage or even less.

Spend All The Money On The House

It is good that we save and spend time and money in the arrangement of our property. But we must bear in mind that we must leave some capital to furnish it, for expenses and contingencies, and that is that money is easily spent and more on the house. Our advice is to save a few per cent of the savings for contingencies. You never know what can happen.

Let You Influence And Not Comb The Market

This mistake is made by many people who think that it is never the best time to buy. That if the VAT goes up, that if the house is in the wrong place and a family member does not like it, that if the market has peaked, that if it is not a good time, all these are excuses that sometimes we put ourselves and that is that thinking like this we will never buy an apartment.

Let Yourself Be Carried Away By The First Impression

Whether we are sellers or buyers, the first thing to avoid is to be impatient. By this, we mean that it is okay to be cautious but not overdoing it. This is valid both for viewing flats and deciding to visit them and for carrying out the purchase process. It is good to know houses and visit them, but do not get carried away by the first impression. By the way, this is the same to make an offer, do not think that because you like a seller, you are going to make a discount. If we want to buy, we must remain cold and not let ourselves be carried away by feelings or by the first impression. Calm is our best ally.